Modi Tells G7 Vulnerable Nations Must Not Be Left To Pay The Price Of Global Conflicts – Obnews
Indian Prime Minister Narendra Modi has called for stronger international support to protect vulnerable developing countries from the economic and social consequences of wars, geopolitical tensions and other global crises.
Addressing the G7 outreach summit in Évian, France, Modi said developing nations should not be forced to carry the burden of disruptions they did not create. He urged international financial institutions to establish stronger mechanisms that would help countries absorb economic shocks and maintain stability.
Speaking during a session focused on balanced, shared and sustainable economic growth, Modi argued that progress should not be measured only through gross domestic product and trade figures. He said global leaders must also consider who benefits from economic growth, who participates in creating it and whether it advances a fair and sustainable future.
Modi said current crises frequently affect the poorest and most vulnerable countries most severely. Rising energy and food costs, disrupted trade routes, inflation and financial instability can place enormous pressure on developing economies that have limited resources to respond.
He called on institutions such as multilateral development banks and other international financial organizations to create support systems that would allow developing countries to protect essential services, preserve employment and continue investing in long term economic growth during periods of global uncertainty.
The Indian prime minister also proposed expanding international connectivity initiatives inspired by the India Middle East Europe Economic Corridor. The corridor was announced during the G20 summit in New Delhi in 2023 and is intended to connect India, the Middle East and Europe through railways, roads and maritime routes.
Modi asked whether similar connectivity projects could be developed with countries in Africa, Latin America and the Pacific Islands. He suggested combining capital from G7 nations, Indian talent and leadership from Global South countries to support trade and infrastructure development.
As part of that proposal, Modi recommended considering an International Mobilisation Partnership for Accelerating Connectivity and Trade, known as IMPACT. The initiative would aim to improve infrastructure, strengthen supply chains and create new economic opportunities in developing regions.
Modi also highlighted the growing demographic divide between ageing developed countries and younger developing nations. He proposed a Global Skills Partnership that could identify workforce needs, improve skills training and support trusted international mobility for qualified workers.
India attended the G7 outreach discussions as an invited partner country. Modi travelled to France following a two day visit to Slovakia and participated in discussions involving economic growth, trade, global conflicts, technology and international cooperation.
The G7 includes Canada, France, Germany, Italy, Japan, the United Kingdom and the United States, with the European Union also participating. While the organization represents several of the world’s leading industrialized economies, partner countries are increasingly being invited to contribute perspectives from the Global South.
Modi’s address emphasized India’s position that developing countries must have a stronger voice in shaping international economic policies. He argued that global institutions and wealthy nations share a responsibility to ensure that the costs of conflict and instability do not fall disproportionately on countries with the fewest resources.
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